Indian government bond yields ended lower on Tuesday, tracking U.S. peers and a fall in oil prices.
The 10-year benchmark 7.18% 2033 bond yield ended at 7.2813%, after closing at 7.3074% in the previous session.
“The market sentiment turned positive as U.S. yields and oil prices came down, leading to fall in yields,” said Debendra Kumar Dash, senior vice president of treasury at AU Small Finance Bank.
“Banking system liquidity is also in deficit, which is giving the comfort that the central bank may not announce bond sale,” Dash added.
